Nitro Cartel
@nitrocartel
The Cartel has been working on a new asset that directly enhances what’s possible with GMX V2. Enter GMLP. So what is GMLP? How does it work with the @GMX_IO V2 platform? Let’s jump in 👇
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Nitro Cartel
@nitrocartel
GMX introduced their V2 platform with GM pools. These pools are more similar to standard LPs across DeFi than GLP which was introduced in GMX V1. This shift serves to enhance capital efficiency, optionality and risk management for GMX across all V2 markets.
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Nitro Cartel
@nitrocartel
Participating in a wide range of asset pools via GM pools isn’t as seamless as one-click buying GLP. Users must purchase GM pool assets individually and decide how they want to allocate across different trading pairs. So how does GMLP improve on this experience?
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Nitro Cartel
@nitrocartel
GMLP serves as a one-click way to purchase an index of all GM pools. Rewards on these pools are all automatically compounded for holders. ✅ Easy multi-pool exposure ✅ Autocompounded rewards GMLP offers massive improvements over vanilla exposure to GMX V2 pools.
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Nitro Cartel
@nitrocartel
Wen? GMLP will be launched via the TROVE Protocol in Q4. The Cartel will be focused on partnerships and integrations of the GMLP token. Autocompounded yield. Omnichain integrations. Ideal exposure to GMX V2. The possibilities are endless 💪
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Nitro Cartel
@nitrocartel
Join the Nitro Cartel community today to learn more about GMLP and upcoming improvements to TROVE Protocol and U Protocol! https://discord.gg/bkpBfJhaUZ
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